Congress Should Act to Make PPP Forgiveness Tax Free (As They Originally Intended)
Check out our piece on making PPP loan forgiveness tax free, which was the original intention of Congress.
Author Archives: Sheryl Fine
Three Things Small Business Owners Should Do Today to Take Advantage of the CARES Act
There has been a lot of information for small business owners to digest in the past few weeks regarding Federal programs to help businesses during the COVID pandemic, and that’s on top of everything business owners are already doing to keep their companies afloat. Here are TWO STEPS that you should take today to get your company a piece of the stimulus package provided by the CARES Act.
Handling the New Overtime Rules in Your Small Business
What’s the deal? Effective December 1, 2016, the new overtime rules are changing the exemptions that currently allow employers to avoid paying overtime to certain employees. Currently, employees making less than a certain salary threshold must be paid overtime (the … Continued
Tax Extenders Package Passes, Many Provisions Made Permanent
The House passed the Tax Extenders tax bill yesterday, and the Senate did so today. The legislation is expected to be signed into law by President Obama immediately. The extension of the tax benefits, which expired after 2014, was made … Continued
IRS Reference Guide Aids FBAR Filers
The IRS recently issued a Reference Guide on the Report of Foreign Bank and Financial Accounts (FBAR). This IRS reference guide is available on the IRS website ( www.irs.gov), specifically at the webpage entitled “Report of Foreign Bank and Financial … Continued
Sharing Your Stock Market Losses With Uncle Sam
A lot of people may have large losses in the stock market from last year or early this year. Some of you may have since gained money in the market. You may want to consider selling these gains to offset … Continued